VANDAMME: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VANDAMME
Largest movements
- Receivables within one year +€461,369
up €461,369 (+104%), from €443,747 to €905,116
of which Trade receivables: +€245,708
- Current investments +€400,000
up €400,000 (+133%), from €300,000 to €700,000
- Reserves +€967,543
up €967,543 (+61.1%), from €1.6m to €2.6m
- Other debts -€168,224
down €168,224 (-94.0%), from €178,960 to €10,736
- Tax, wage and social debts +€83,492
up €83,492 (+3,537%), from €2,361 to €85,853
- Debts after one year -€50,418
down €50,418 (-20.6%), from €244,898 to €194,480
- Financial income +€907,980
up €907,980 (+18,062%), from €5,027 to €913,007
- Taxes +€86,281
up €86,281 (+62.3%), from €138,424 to €224,704
- Gross operating margin +€6,270
up €6,270 (+1.3%), from €473,031 to €479,301
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,560,702 | €3,393,725 | +€833,023 | +32.5% |
| Fixed assets | 21/28 | €1,569,580 | €1,551,200 | -€18,380 | -1.2% |
| Tangible fixed assets | 22/27 | €569,555 | €551,175 | -€18,380 | -3.2% |
| Land and buildings | 22 | €569,555 | €551,175 | -€18,380 | -3.2% |
| Financial fixed assets | 28 | €1,000,025 | €1,000,025 | = | 0.0% |
| Current assets | 29/58 | €991,122 | €1,842,526 | +€851,404 | +85.9% |
| Amounts receivable within one year | 40/41 | €443,747 | €905,116 | +€461,369 | +104% |
| Trade receivables | 40 | €4,292 | €250,000 | +€245,708 | +5,725% |
| Other amounts receivable | 41 | €439,455 | €655,116 | +€215,661 | +49.1% |
| Current investments | 50/53 | €300,000 | €700,000 | +€400,000 | +133% |
| Cash at bank and in hand | 54/58 | €226,669 | €214,805 | -€11,864 | -5.2% |
| Deferred charges and accrued income | 490/1 | €20,706 | €22,605 | +€1,898 | +9.2% |
| Total equity and liabilities | 10/49 | €2,560,702 | €3,393,725 | +€833,023 | +32.5% |
| Equity | 10/15 | €2,083,757 | €3,051,300 | +€967,543 | +46.4% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €1,583,757 | €2,551,300 | +€967,543 | +61.1% |
| Distributable reserves | 133 | €1,583,757 | €2,551,300 | +€967,543 | +61.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €476,945 | €342,425 | -€134,520 | -28.2% |
| Amounts payable after more than one year | 17 | €244,898 | €194,480 | -€50,418 | -20.6% |
| Financial debts | 170/4 | €244,898 | €194,480 | -€50,418 | -20.6% |
| Amounts payable within one year | 42/48 | €232,047 | €147,946 | -€84,101 | -36.2% |
| Current portion of amounts payable after more than one year | 42 | €49,824 | €50,418 | +€594 | +1.2% |
| Trade debts | 44 | €902 | €938 | +€36 | +4.0% |
| Suppliers | 440/4 | €902 | €938 | +€36 | +4.0% |
| Taxes, remuneration and social security | 45 | €2,361 | €85,853 | +€83,492 | +3,537% |
| Taxes | 450/3 | €2,361 | €85,853 | +€83,492 | +3,537% |
| Other amounts payable | 47/48 | €178,960 | €10,736 | -€168,224 | -94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,380 | €18,380 | = | 0.0% |
| Other operating charges | 640/8 | €4,659 | €5,759 | +€1,100 | +23.6% |
| Gross operating margin | 9900 | €473,031 | €479,301 | +€6,270 | +1.3% |
| Operating profit (loss) | 9901 | €449,992 | €455,162 | +€5,170 | +1.1% |
| Financial income | 75/76B | €5,027 | €913,007 | +€907,980 | +18,062% |
| Recurring financial income | 75 | €5,027 | €913,007 | +€907,980 | +18,062% |
| Financial charges | 65/66B | €5,687 | €4,812 | -€875 | -15.4% |
| Recurring financial charges | 65 | €5,687 | €4,812 | -€875 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €449,332 | €1,363,357 | +€914,025 | +203% |
| Income taxes | 67/77 | €138,424 | €224,704 | +€86,281 | +62.3% |
| Profit (loss) for the period | 9904 | €310,908 | €1,138,652 | +€827,744 | +266% |
| Profit (loss) for the period to be appropriated | 9905 | €310,908 | €1,138,652 | +€827,744 | +266% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.